TAXO TIME: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TAXO TIME
Largest movements
- Tangible fixed assets +€54,803
up €54,803 (+2,016%), from €2,718 to €57,521
- Receivables within one year +€18,987
up €18,987 (+965%), from €1,968 to €20,955
of which Other amounts receivable: +€12,636
- Cash -€12,649
down €12,649 (-93.2%), from €13,576 to €927
mainly Investment in fixed assets (net) (-€59,504) and Receivables within one year (-€18,987)
- Intangible fixed assets -€3,500
down €3,500 (-50.0%), from €7,000 to €3,500
- Debts after one year +€27,403
up €27,403 (+3,513%), from €780 to €28,183
of which Financial debts: +€27,403
- Other debts +€24,438
new in 2025: €24,438
- Profit (loss) carried forward +€6,635
up €6,635 (+253%), from €2,618 to €9,253
- Current portion of long-term debt +€2,484
up €2,484 (+479%), from €518 to €3,002
- Trade debts -€1,898
down €1,898 (-98.4%), from €1,930 to €32
- Gross operating margin +€16,373
up €16,373, from -€780 to €15,593
- Depreciation -€735
down €735 (-8.2%), from €8,936 to €8,202
- Financial charges +€426
up €426 (+159%), from €267 to €693
- Other operating charges -€398
down €398 (-86.3%), from €461 to €63
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,868 | €83,509 | +€57,640 | +223% |
| Fixed assets | 21/28 | €10,008 | €61,311 | +€51,303 | +513% |
| Intangible fixed assets | 21 | €7,000 | €3,500 | -€3,500 | -50.0% |
| Tangible fixed assets | 22/27 | €2,718 | €57,521 | +€54,803 | +2,016% |
| Furniture and vehicles | 24 | €2,718 | €57,521 | +€54,803 | +2,016% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €15,860 | €22,198 | +€6,338 | +40.0% |
| Amounts receivable within one year | 40/41 | €1,968 | €20,955 | +€18,987 | +965% |
| Trade receivables | 40 | €1,917 | €8,269 | +€6,352 | +331% |
| Other amounts receivable | 41 | €51 | €12,687 | +€12,636 | +24,795% |
| Cash at bank and in hand | 54/58 | €13,576 | €927 | -€12,649 | -93.2% |
| Deferred charges and accrued income | 490/1 | €316 | €316 | = | 0.0% |
| Total equity and liabilities | 10/49 | €25,868 | €83,509 | +€57,640 | +223% |
| Equity | 10/15 | €21,218 | €27,853 | +€6,635 | +31.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,618 | €9,253 | +€6,635 | +253% |
| Amounts payable | 17/49 | €4,651 | €55,655 | +€51,005 | +1,097% |
| Amounts payable after more than one year | 17 | €780 | €28,183 | +€27,403 | +3,513% |
| Financial debts | 170/4 | - | €27,403 | +€27,403 | |
| Other amounts payable | 178/9 | €780 | €780 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,871 | €27,472 | +€23,601 | +610% |
| Current portion of amounts payable after more than one year | 42 | €518 | €3,002 | +€2,484 | +479% |
| Trade debts | 44 | €1,930 | €32 | -€1,898 | -98.4% |
| Suppliers | 440/4 | €1,930 | €32 | -€1,898 | -98.4% |
| Taxes, remuneration and social security | 45 | €1,423 | - | -€1,423 | |
| Taxes | 450/3 | €73 | - | -€73 | |
| Remuneration and social security | 454/9 | €1,350 | - | -€1,350 | |
| Other amounts payable | 47/48 | - | €24,438 | +€24,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,936 | €8,202 | -€735 | -8.2% |
| Other operating charges | 640/8 | €461 | €63 | -€398 | -86.3% |
| Gross operating margin | 9900 | -€780 | €15,593 | +€16,373 | |
| Operating profit (loss) | 9901 | -€10,178 | €7,328 | +€17,506 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €267 | €693 | +€426 | +159% |
| Recurring financial charges | 65 | €267 | €693 | +€426 | +159% |
| Profit (loss) for the period before taxes | 9903 | -€10,445 | €6,635 | +€17,080 | |
| Income taxes | 67/77 | -€17 | - | +€17 | |
| Profit (loss) for the period | 9904 | -€10,427 | €6,635 | +€17,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,427 | €6,635 | +€17,063 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.